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IE0003PI58W7

Growth and Income Fund

Important Disclosure

Fund Stats

  • Total Net Assets

    $53.7 Million

    As of 31/10/23

  • Inception Date

    7/6/22

Portfolio Fit

The fund can provide a long-term core equity allocation, which exhibits potentially lower volatility and delivers attractive income.

Key Features

  • Leverages more than four decades of experience combining equities convertibles, fixed income securities and options to provide equity-like participation while maintaining a lower risk posture throughout the market cycle.
  • Research-driven approach identifies opportunities by combining top-down analysis with a research focus on key growth characteristics.

Overview

The UCITS fund invests primarily in US equities, convertibles, fixed-income securities and options, endeavoring to balance risk/reward while providing growth and income.The fund is actively managed and is suitable for long-term investors.The fund uses the S&P 500 Index and ICE BofA All US Convert Ex Mand Index as comparative benchmarks but not to constrain the fund's portfolio or as a target for performance.

Performance

Annualized Total Returns

As of 31/10/23
TimeFrame Calamos Growth and Income Fund (NAV) S&P 500 Index ICE BofA All US Convert Ex Mand Index
1 Month -1.93 -2.1 -4.37
6 Month -0.72 1.39 -0.52
1 Year 4.55 10.14 -0.08
Since Inception (07/06/22) -2.48 2.74 -1.9

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

S&P 500 Index is generally considered representative of the US stock market.

ICE BofA All US Convertible Ex Mandatory- Represents the US convertible market excluding mandatory convertibles. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofA indices and related data on an 'as is' basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofA Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Portfolio

Sector Weightings

As of 31/10/23
Sector % of Assets S&P 500 Index
Information Technology 25.0% 28.1%
Health Care 11.6% 13.1%
Consumer Discretionary 10.7% 10.6%
Financials 10.5% 12.8%
Communication Services 9.5% 8.7%
Industrials 7.1% 8.3%
Consumer Staples 4.8% 6.6%
Energy 4.5% 4.5%
Materials 2.4% 2.4%
Utilities 2.4% 2.5%
Real Estate 1.5% 2.4%
Other 2.2% 0.0%

Asset Allocation

As of 31/10/23
Asset Allocation %
Common Stock 73.2935
Convertibles 16.6784
Cash and Receivables/Payables 7.8161
US Government Securities 2.1342
Options 0.0778

Top 10 Holdings

As of 31/10/23
View All Holdings
Company Industry %
Apple, Inc. Technology Hardware, Storage & Peripherals 7.0%
Microsoft Corp. Systems Software 6.9%
Alphabet, Inc. - Class A Interactive Media & Services 4.1%
Amazon.com, Inc. Broadline Retail 3.4%
NVIDIA Corp. Semiconductors 2.3%
Visa, Inc. - Class A Transaction & Payment Processing Services 1.7%
Meta Platforms, Inc. - Class A Interactive Media & Services 1.6%
UnitedHealth Group, Inc. Managed Health Care 1.5%
Mastercard, Inc. - Class A Transaction & Payment Processing Services 1.1%
Exxon Mobil Corp. Integrated Oil & Gas 1.1%

Fund Facts

As of 31/10/23
Name Fund S&P 500 Index
Net Assets $53.7 M N/A
Number of Holdings 157 503
Debt/Capital 46.5% 46.0%
ROIC 24.3% 25.4%
Duration 1.6 years N/A
Median Conversion Premium 27.9% N/A
Median Investment Premium 14.2% N/A

Market Capitalization

As of 31/10/23
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 0.0%
>$5bil<=$30bil 4.7%
>$30bil<=$200bil 35.1%
>$200bil 60.3%

Credit Quality of Bonds

As of 31/10/23
Class %
AAA 11.3%
AA 0.0%
A 4.5%
BBB 22.8%
BB 0.0%
B 0.0%
CCC and below 0.6%
Unrated Securities 60.8%

Maturity Schedule

As of 31/10/23
Range %
< 1 Year 9.2%
1 to 5 Years 14.0%
5 to 10 Years 2.1%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 74.7%

Distributions

Total Capital Gains

A distribution has not been paid since the Fund's inception.

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Fees & Expenses

Annual Expenses

Name N Shares
Gross Expense Ratio 2.45%
Management Fee 0.85%

Investment Information

Name N Shares
Minimum initial investment (£/€/$) $2500
Minimum subsequent investments (£/€/$) $50

Fund Information

Name N Shares
Inception Date 7/6/22
Bloomberg Ticker CGIFNUA ID
CUSIP number G39119121
ISIN number IE0003PI58W7

Literature

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Fact Sheet (Share Class A, N, I, Z) - English

The Growth and Income fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.

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Fact Sheet (Share Class A, N, I, Z) - Spanish

The Growth and Income fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.

Prospectus

This prospectus sets forth concisely the information that you should know before investing. You should read the accompanying simplified prospectus, which contains important information, before deciding whether to invest in our securities.

Supplement

KIIDS

The key Investor Information Document (KIID) aims to provide investors with a transparent and concise overview of funds in a standard format.

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Annual Report

The annual report includes a comprehensive review of the fund’s activities and financial performance.

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Semi-annual Report

The semi-annual report provides a comprehensive review of the fund’s activities and financial performance for a six month period.

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Investment Manager Commentary, October 2023

We believe the best positioning for this environment is a defensive risk posture, with risk in specific areas that have real growth tailwinds, in companies with improving returns on capital in 2024, and in equities and fixed income with valuations at favorable expected risk-adjusted returns.

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Quarterly Commentary

A discussion of the Growth and Income Fund's performance versus a benchmark, positioning, related market commentary, and outlook.

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.

©2023 Calamos Investments LLC. All Rights Reserved. Calamos®, Calamos Investments® and Investment strategies for your serious money® are registered trademarks of Calamos Investments LLC.

Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

The personal data collected by Calamos on this website, or by any other means, is collected and stored in accordance with the General Data Protection Regulation (EU) 2016/679 ("GDPR").

Important Legal Information | Privacy Policy | Business Continuity | Code of Business Conduct and Ethics | ERISA 408(b)(2)

Important Fund Information

This webpage is issued by Calamos Advisors LLC ("CAL") and does not constitute or form part of any offer or invitation to buy or sell shares. It should be read in conjunction with the Fund's Prospectus, key investor information document ("KIID") or offering memorandum. CAL is authorised and regulated by the United States Securities and Exchange Commission. The Company's registered office is 2020 Calamos Court, Naperville, IL 60563. The price of shares and income from them can go down as well as up and past performance is not a guide to future performance. Investors may not get back the full amount originally invested. A comprehensive list of risk factors is detailed in the Prospectus and KIID and an investment should not be contemplated until the risks are fully considered. The contents of this document are based upon sources of information believed to be reliable. CAL has taken reasonable care to ensure the information stated is accurate. However, CAL makes no representation, guarantee or warranty that it is wholly accurate and complete. The Calamos Growth and Income Fund is a sub-fund of GemCap Investment Funds (Ireland) plc, an umbrella type open-ended investment company with variable capital, incorporated on 1 June 2010 with limited liability under the laws of Ireland with segregated liability between sub-funds. GemCap Investment Funds (Ireland) plc is authorised in Ireland by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) (the "UCITS Regulations"), as amended. Gemini Capital Management (Ireland) Limited, trading as GemCap, is a limited liability company registered under the registered number 579677 under Irish law pursuant to the Companies Act 2014 which is regulated by the Central Bank of Ireland. Its principal office is at Suites 22-26 Morrison Chambers, 32 Nassau Street, Dublin 2, D02 X598 and its registered office is at 7th Floor, Block A, One Park Place, Upper Hatch Street, Dublin 2, D02E762. GemCap acts as both management company and global distributor to GemCap Investment Funds (Ireland) plc. GemCap UK Limited (FRN 924419) is an appointed representative of Connexion Capital LLP (FRN 480006), which is authorised and regulated by the Financial Conduct Authority and provides distribution oversight services to GemCap acting as global distributor and is responsible for the oversight of all distribution arrangements for the sub-fund.

This is a marketing communication. Please refer to the Supplement, the Prospectus, any other offering document and the KIID in relation to the Fund before making any final investment decision.

A copy of the English version of the Supplement, the Prospectus, and any other offering document and the KIID is available at www.gemincapital.ie and http://www.calamos.com/funds/ucits. As required under national rules, the KIIDs and any other applicable documents are also available in the official language of the relevant jurisdiction where the Fund is marketed, or in another language accepted by the national competent authorities of that jurisdiction.

A summary of investor rights associated with an investment in the Fund is available in English at www.gemincapital.ie. A decision may be taken at any time to terminate the arrangements for the marketing of the Fund in any jurisdiction in which it is currently being marketed. In such circumstances, Shareholders in affected EEA Member State will be notified of any decision to terminate marketing arrangements in advance and will be provided the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification.

IMPORTANT INFORMATION. Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC Investor Services Ireland Limited ("RBC").

This document does not constitute an offer or solicitation to invest in the Fund. It is directed only at professional/sophisticated investors and it is for their use and information. This document should not be shown or given to retail investors. Any entity responsible for forwarding this material to other parties takes responsibility for ensuring compliance with the financial promotion rules.

The following are risks materially relevant to the Fund: The Fund may invest in securities which are below investment grade which are considered to have higher risk exposure with respect to pay of interest and return of principal; The Fund may hold or be exposed to depository receipts (ADRs and GDRs) which represent shares in companies trading outside the markets in which the depository receipts are traded; Convertibles expose the Fund to the risk the issuer of the debt security portion of the security may fail to meet its obligations as well as the performance of the underlying stock into which it can be converted; Debt securities are subject to various risks including interest rate risk, credit risk and default risk; The price of equity securities fluctuates based on changes in a company's financial condition and overall market and economic conditions; Risks associated with investing in foreign securities include fluctuations in the exchange rates of foreign currencies that may affect the US dollar value of a security, the possibility of substantial price volatility as a result of political and economic instability in the non-US country, less public information about issuers of securities, different securities regulation, different accounting, auditing and financial reporting standards and less liquidity than in US markets; Growth securities typically trade at higher multiples of current earnings than other securities and, therefore, may be more sensitive to changes in current or expected earnings than other equity securities and may be more volatile; The Fund's investments in illiquid securities may reduce the returns of the Fund because it may be unable to sell the illiquid securities at an advantageous time or price; The Fund's ability to close out its position as a purchaser or seller of an over-the-counter or exchange-listed put or call option is dependent, in part, upon the liquidity of the options market; The value of your investment may decrease if the Investment Manager's judgment about the attractiveness, value or market trends affecting a particular security, issuer, industry, or sector or about market movements is incorrect. For a more detailed explanation of the risks, please refer to the 'Risk Warnings' section of the Prospectus and the Supplement.

The portfolio is actively managed. Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only.

Top 10 Holdings are calculated as a percentage of net assets and excludes cash or cash equivalents, any government/sovereign bonds or broad based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings by visiting www.calamos.com

Sector Weightings percentages are based on invested portfolio and are subject to change. Other includes securities that do not have a sector classification.

Notes

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.